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Apartment living on the Rise

Jennifer Blake | The Daily Telegraph | February 27, 2013 http://www.dailytelegraph.com.au/realestate/investing/apartment-living-on-the-rise/story-fndctfxy-1226586521994 Once the territory of first-home buyers and investors, more and more Australians are choosing apartments for the easy lifestyle on offer. "It's becoming a

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Which Bank? It’s not always easy to tell

Jessica Irvine | News Limited Network | February 27, 2013 Try this pop quiz: How many of the following financial institutions do you think are owned by the big four banks? St George, BankWest, UBank, RAMS

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Are First Home Buyers on Strike?

Leith van Onselen | Sydney Morning Herald | February 12, 2013 http://www.smh.com.au/business/property/are-firsthome-buyers-on-strike-20130212-2e9r4.html For a number of years, rumblings of discontent have grown louder among interest groups in support of first home buyers (FHBs). One such group even

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The Long Run Decline in Actual Homeownership

Mark A. Calabria | The Cato Institute |  4 February 2013 http://www.cato.org/blog/long-run-decline-actual-homeownership It would be far more accurate to label U.S. federal homeownership policy, U.S. mortgage policy.  For the primary means of “extending” homeownership, via federal policy, has been the

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ANZ sells off Origin mortgage business

Eric Johnston | SMH | September 21, 2012 http://www.smh.com.au/business/anz-sells-off-origin-mortgage-business-20120921-26b80.html ANZ has offloaded its wholesale mortgage distribution business, Origin Mortgage Management Services to Sydney-based mortgage funding business Columbus Capital. The sale, for an undisclosed amount, comes

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Lenders operating fast and loose on exit fees, says ASIC

Anthony Klan | The Australian | September 19, 2012 http://www.theaustralian.com.au/business/lenders-operating-fast-and-loose-on-exit-fees-says-asic/story-e6frg8zx-1226476873973 A study by the corporate regulator has uncovered wide-spread problems in how lenders charge mortgage "break-fees", suggesting many borrowers are being overcharged when they refinance.

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Upmarket homes face spring sale woes

Gretchen Friemann | AFR | August 27, 2012 http://www.afr.com/p/business/property/upmarket_homes_face_spring_sale_tOwR7s9gEMyfLweKJpI5dL House prices in some of the nation’s wealthiest suburbs are likely to decline throughout the crucial spring selling season as concerns at faltering economic growth keep

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ATO targets banks, receivers over ‘missing billions’

Richard Gluyas | The Australian | August 21, 2012 http://www.theaustralian.com.au/business/ato-targets-banks-receivers-over-missing-billions/story-e6frg8zx-1226454461928 A $9.9 MILLION property sale has triggered an Australian Tax Office probe targeting the banking and insolvency industries over what some claim is billions of

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Borrowers beat path away from big banks

Tim Colebatch | SMH | August 9, 2012 http://www.smh.com.au/money/borrowing/borrowers-beat-path-away-from-big-banks-20120809-23vgj.html Australian borrowers are dumping their banks to get a better interest rate. A record 35 per cent of all housing loans written in 2011-12 saw borrowers

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More seniors opting for reverse mortgages

AAP | NineMSN | July 24, 2012 http://news.ninemsn.com.au/national/8504261/more-seniors-opting-for-reverse-mortgages The deterioration of superannuation accounts as a result of the global financial crisis has prompted a growing number of seniors to use the equity in their home

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